Overview
In addition to our Global Benefits & Perks our employees in the UK are also entitled to:
Group Life Insurance (GLA) of 4x your basis salary in the event of your death whilst working for Camunda Ltd
Group Income Protection (GIP) to cover you for 60% of your basic salary. This will protect you if you are unable to work due to accident, sickness or disability. The plan will pay out after 13 weeks continuous absence, and until this time you will be paid in accordance with your employment contract with Camunda. Once in payment, the benefit will increase at a rate of 3% per annum.
Private Medical Insurance (PMI) with Axa. Cover is provided for you and you can upgrade at your own expense to include your spouse and/or dependents.
With our Private Medical Insurance, the most important takeaways are:
- No Excess (i.e., you don't pay towards any claims)
- Unlimited in-patient cover
- Unlimited out-patient cover
- Comprehensive cancer cover
- Dental cover of 80% up to 400 GBP per year for routine dental treatment
- Optical cover of 80% up to the cost for prescription glasses and contact lenses up to 200 GBP per year plus 25 GBP for an eye test
- Unlimited therapy cover (10 sessions and then if referred by GP, unlimited)
Please note that cover is on a ‘Moratorium’ basis and does not cover pre-existing conditions. Benefits start on an employee's date of hire.
Useful Documents
2022 Camunda Pension Announcement
Salary Sacrifice Information Packet
Pension Announcement Salary Sacrifice 2022
Change of Member Contribution - Salary exchange
Salary Sacrifice Opt Out Letter
Higher Rate Relief Letter - already claimed
Higher Rate Relief Letter Backdated Tax
UK Pension Plan
Effective March 1, 2022
Private Group Pension Scheme through Aviva with Salary Sacrifice (an opt out option is also available).
Automatic enrollment for new employees.
6% employer contribution, 5% employee contribution (contributions based on basic salary).
Access to over 200 funds with online account management.
What are the advantages of being in a workplace pension?
- You have your own individual pension pot.
- There’s a range of investment options for you to choose.
- The Scheme is a tax efficient way to save and your employer pays into the pot as well.
- You can access your pot flexibly, at any time from age 55 and continue to pay contributions. This increases to 57 from 2028 unless your plan has a protected lower pension age. (NB: If you take more than your tax free cash sum, this would trigger the money purchase annual allowance and could restrict the ability to make further pension contributions tax-efficiently).
- Online account management and other resources to follow the progress of your savings.
- Flexibility to take your pension fund with you if you change jobs.
Who are Chase de Vere?
Chase de Vere is a leading independent financial advisor that Camunda uses for brokerage services for both our pension and medical insurance benefit plans. Chase de Vere was established in 1969 and is well versed in the UK market. Chase de Vere does not provide financial counseling or advice to employees however they are available to answer questions. Please reach out to your People Operations team with your question and they will help you get in touch with the appropriate contact.